SK RENT A CAR CO., LTD
Climate Impact & Sustainability Data (2022-01 to 2022-12)
Reporting Period: 2022-01 to 2022-12
Environmental Metrics
Total Carbon Emissions:895,188 tCO2eq
Scope 1 Emissions:621 tCO2eq (SK Rent-a-Car) + 903 tCO2eq (SK Rent-a-Car Service)
Scope 2 Emissions:1,698 tCO2eq (SK Rent-a-Car) + 25 tCO2eq (SK Rent-a-Car Service)
Scope 3 Emissions:892,869 tCO2eq (SK Rent-a-Car) + 269 tCO2eq (SK Rent-a-Car Service)
Renewable Energy Share:9% (SK Rent-a-Car)
Total Energy Consumption:47,796 GJ (SK Rent-a-Car) + 13,491 GJ (SK Rent-a-Car Service)
Water Consumption:33,176 tons (SK Rent-a-Car) + 976 tons (SK Rent-a-Car Service)
Waste Generated:380 tons (SK Rent-a-Car) + 13 tons (SK Rent-a-Car Service)
Carbon Intensity:717.9 tCO2eq/KRW billion (2022)
ESG Focus Areas
- Climate change
- Diversity
- Governance
- Customer satisfaction
- Business partner relations
- Community engagement
Environmental Achievements
- Purchased 7,000 EVs in 2022 (including 1,000 in Jeju), exceeding the 5% target with a 6.5% cumulative EV conversion rate.
- Opened ECO LOUNGE in Jeju, combining a cafe with EV charging stations.
- Launched EV Link, enhancing EV charging, washing, and parking convenience.
- Obtained approval for Korea’s first EV-based GHG emission reduction project.
- Installed additional solar power facilities at logistics centers and garages.
Social Achievements
- Announced a human rights charter and guidelines.
- Strengthened employee communication through Values Camp, Culture Survey, and CEO MBWA.
- Obtained ISO 45001 (Occupational Safety and Health Management System) certification.
- Expanded ISMS-P (Personal Information & Information Security Management System) certification to cloud services.
- Ranked 1st in the rental car sector for KS-QEI (Korean Standard Quality Excellence Index) for seven consecutive years.
- Continued meal support programs for undernourished seniors and children.
Governance Achievements
- Increased female representation on the BOD to 40% by appointing a new female non-executive director.
- Obtained ISO 37001 (Anti-Bribery Management System) certification for headquarters, EV Park Jeju, and Anseong sales center.
- Designated a Chief Compliance Officer and adopted a Compliance Program.
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2040.
Medium-term Goals:
- Achieve 25% renewable energy by 2025 and 70% by 2028.
- 100% conversion to EVs for all operational vehicles in Jeju by 2025.
- Achieve EV100 (100% EV fleet) by 2030.
Short-term Goals:
- Increase customer satisfaction to 94% by 2023 and 95.5% by 2025.
- Reduce water consumption
- Reduce GHG emissions by 4.2% annually until 2025.
Environmental Challenges
- Climate change impacts (extreme weather, transition risks from ICEVs to EVs)
- Supply chain disruptions
- Maintaining high customer satisfaction
- Ensuring ethical business practices with partners
- Addressing local community issues
Mitigation Strategies
- Developed alternative sourcing strategies
- Implemented a weather management system ('Weather Aria') for proactive disaster response.
- Established a Customer Value Innovation Division and CV Officer system to address customer concerns.
- Developed a Code of Conduct for business partners and established a Procurement Review Committee.
- Implemented various social contribution programs in Jeju and nationwide.
Supply Chain Management
Supplier Audits: 177 locations inspected in the first half of 2022 and 169 in the second half.
Responsible Procurement
- Code of Conduct
- Occupational Safety and Health Compliance Pledge
- Anti-corruption policy (added in 2023)
- ESG evaluations (starting in 2023)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (typhoons, floods, heavy snow)
Transition Risks
- Market shifts away from ICEVs
- Regulatory changes
Opportunities
- Increased demand for EVs
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD, SASB
Certifications: ISO 14001, ISO 45001, ISO 37001
Third-party Assurance: Korea Management Registrar (KMR)
UN Sustainable Development Goals
- Goal 8: Decent Work and Economic Growth
- Goal 11: Sustainable Cities and Communities
- Goal 13: Climate Action
- Goal 16: Peace, Justice and Strong Institutions
- Goal 3: Good Health and Well-being
The A+MAZE strategy aligns with these SDGs through initiatives related to job creation, sustainable mobility, climate action, ethical governance, and employee well-being.
Sustainable Products & Innovation
- Electric vehicles
- TAGO PAY (usage-based pricing)
- TAGO BUY (used car rental with purchase option)
- EV Link
- O2O On-Site Maintenance Service
Awards & Recognition
- Minister of Environment Award for “2022 Corporate Excellence Performance of Conversion to Zero-emission Vehicles”